Valiant organics (BOM:540145) ROCE % : -10.12% (As of Mar. 2024)

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What is Valiant organics ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Valiant organics's annualized ROCE % for the quarter that ended in Mar. 2024 was -10.12%.

Valiant organics ROCE % Historical Data

The historical data trend for Valiant organics's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Valiant organics ROCE % Chart

Valiant organics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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39.66

34.34

26.31

18.16

0.91

Valiant organics Quarterly Data
	Sep18	Mar19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															22.24	11.41	4.81	-2.64	-10.12

Valiant organics ROCE % Calculation

Valiant organics's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	76.502	/	( ( (12392.262 - 3927.032)	+	(12479.648 - 4131.663) )	/ 2 )
	=	76.502	/	( (8465.23	+	8347.985)	/ 2 )
	=	76.502	/	8406.6075
	=	0.91 %

Valiant organics's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-844.484	/	( ( (0 - 0)	+	(12479.648 - 4131.663) )	/ 1 )
	=	-844.484	/	( ( 0	+	8347.985 )	/ 1 )
	=	-844.484	/	8347.985
	=	-10.12 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Valiant organics (BOM:540145) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

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Valiant organics (BOM:540145) Business Description

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VALIANTORG:India

Address

Mulund Goregaon Link Road, 109, Udyog Kshetra, 1st Floor, Mulund (West), Mumbai, MH, IND, 400080

Website

http://www.valiantorganics.com

Valiant organics Ltd is an Indian chemical manufacturing company. It is engaged in the manufacturing of chemicals for agro-intermediate and pharmaceutical requirements. The product portfolio includes Ortho Chloro Phenol, Para Chloro Phenol, 2:4 DI-Chloro Phenol, 2:6 DI-Chloro Phenol, and Para Nirto Aniline (PNA). The chemicals are used in Rubber, Agriculture, Cosmetic and Medical sector. The group sells its products in India and other countries, of which key revenue is derived within India.

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